Business & Money | Saturday 27 January, 2024 12:18 am

PIF prices international bond offering at SAR 18.75B

The Public Investment Fund (PIF) completed the pricing of a $5 billion (SAR 18.75 billion) Reg S international bond offering. The offering was over five times covered, attracting orders worth $27 billion (over SAR 10 billion).   In an emailed statement to Argaam, PIF said the...

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Business & Money | Friday 26 January, 2024 12:57 pm

National Biotechnology Strategy ‘key pillar’ to achieve pharmaceutical, health security: Official

The National Biotechnology Strategy will be a key pillar in achieving the goals of the Vaccines and Biopharmaceutical Industry Committee, to achieve pharmaceutical and health security in Saudi Arabia, Nizar Al Hariri, Advisor to Minister of Industry and Minerals, and...

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Business & Money | Friday 26 January, 2024 12:54 pm

Aramco eyes business expansion, acquisitions in China and India

The big growth markets for Saudi Aramco are China, India and southeast Asia, Bloomberg reported, citing Mohammed Al Qahtani, Downstream President at Saudi Aramco.   The world’s largest oil producer is seeking refining and chemicals deals in Asia as it looks to expand its projects...

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Government | Friday 26 January, 2024 12:51 pm

Crown Prince launches National Biotechnology Strategy

Crown Prince Mohammed bin Salman announced today, Jan. 25, the launch of the National Biotechnology Strategy. The strategy aims to enhance the Kingdom’s leading position in the sector, as a key enabler that will strengthen national health resilience and raise the quality of life. It will...

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Business & Money | Friday 26 January, 2024 9:59 am

SEVEN to build Formula E Karting attractions in Saudi Arabia

Saudi Entertainment Ventures (SEVEN), a wholly owned subsidiary of the Public Investment Fund (PIF), teamed up with Formula E to build the world’s first Formula E branded indoor Karting attraction across multiple destinations in Saudi Arabia.   In an emailed statement to Argaam,...

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Environment & Energy | Friday 26 January, 2024 2:57 am

NWC completes Phase II of water network project in Najran

The National Water Company (NWC), represented by the Najran Water Business Unit (CBU), announced the completion of Phase II of the drinking water network project in the region, at a cost of approximately 26 million Saudi Riyals. This project aims to increase the company's operational efficiency,...

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Business & Money | Friday 26 January, 2024 1:02 am

Azizi Developments’ Creek Views II marks 90% construction completion

Azizi Developments, a leading private developer in the UAE, announced the 90% construction completion of Creek Views II, Azizi’s AED 350 million luxury development on the shores of the iconic Dubai Creek in Dubai Healthcare City. The highly esteemed development is scheduled for handover by...

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Healthcare | Thursday 25 January, 2024 2:03 pm

Saudi Health Minister in Paris for OECD Summit

Saudi Health Minister Fahd Aljalajel participated, Tuesday, January 23, in the ministerial level committee and the policy forum of the Organization for Economic Cooperation and Development (OECD) held in Paris. The two-day meetings aim to help shape policies for building more resilient...

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Business & Money | Thursday 25 January, 2024 1:59 pm

DUBAI SOUTH RECORDS KEY ACHIEVEMENTS DURING 2023, ITS BEST PERFORMING YEAR TO DATE

Dubai South, the largest single-urban master development focusing on aviation, logistics and real estate, concluded 2023, its best performing year to date, marking numerous remarkable accomplishments across its different divisions. These achievements encompassed the welcoming of new companies, the...

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Business & Money | Thursday 25 January, 2024 1:56 pm

Social Development Bank Successfully Wraps Up Entrepreneurship and Modern Business Practices Forum

Under the auspices of His Excellency Eng. Ahmed Al-Rajhi, Minister of Human Resources and Social Development, the Social Development Bank (SDB), a leading institution in comprehensive development financing, concluded the Entrepreneurship and Modern Business Practices Forum in Riyadh. Held from...

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